Oppenheimer Asset Management Inc. Has $979,000 Stake in Chart Industries, Inc. (NYSE:GTLS)

Oppenheimer Asset Management Inc. lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,781 shares of the industrial products company’s stock after purchasing an additional 98 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Chart Industries were worth $979,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in Chart Industries by 1,201.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 39,650 shares of the industrial products company’s stock worth $5,724,000 after buying an additional 36,604 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares during the period. Engaged Capital LLC acquired a new position in shares of Chart Industries during the fourth quarter valued at $42,900,000. Vanguard Group Inc. lifted its stake in shares of Chart Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock valued at $820,115,000 after acquiring an additional 59,889 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Chart Industries by 4.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company’s stock valued at $1,444,000 after acquiring an additional 326 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on GTLS. Stifel Nicolaus cut their target price on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a “neutral” rating in a report on Wednesday, May 28th. Wells Fargo & Company cut their price target on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley cut their price target on Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Finally, Barclays increased their target price on Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $200.00.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $168.05 on Friday. The company has a market capitalization of $7.68 billion, a PE ratio of 33.95, a PEG ratio of 0.66 and a beta of 1.71. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock’s fifty day simple moving average is $151.76 and its 200 day simple moving average is $167.77.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. Chart Industries’s revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.